Ambac Financial : Cramer doesn’t like the “opaque” financials of Ambac and peer MBIA . The stocks are going up, but he’s not sure why, he said. He believes they both need to raise capital. “I don’t trust them, and I don’t want to be in Ambac or MBI.”

Cisco System : “I like Cisco,” Cramer said. The company’s putting its large cash reserves to work through acquisitions.

GrafTech International : This stock’s too cheap, Cramer said. “I think you should own it.”